XL Insurance, the global insurance operations of XL Group plc, today announced the appointment of Terry McGinness as Chief Information Officer (CIO) for its International Property & Casualty as well as Global Specialty business units, based in London. Mr. McGinness joins XL Insurance from Arthur J Gallagher, where he was CIO for all businesses outside of North America.
He brings more than 30 years international experience covering the financial services industry including banking, life insurance and property casualty. During his career, Mr. McGinness has held several key executive roles including Chief Information Officer of GE Insurance Europe, and Global CIO of GE Auto Financial Services.
Mr. McGinness will be responsible for further developing and enhancing XL Insurance’s IT systems outside of North America. A member of the Management Board of XL Insurance’s International Property & Casualty unit, he will report to John Sullivan, XL Insurance’s Chief Information Officer, and on the business side to Eileen McCusker, XL Insurance’s Chief Executive International Property & Casualty.
Commenting on the appointment, Ms. McCusker said: “Technology is an integral part of the business world and hence continuously strengthening our capabilities in IT is critical to secure our competitive position in the marketplace. The appointment of Mr. McGinness and the extensive experience he brings are central to achieving this goal.”
Mr. McGinness commented: “I’m delighted to join XL Insurance, a company with clear ambitions for profitable growth. Its strong commitment to continued investment in IT will ensure we can quickly and efficiently help accelerate that growth.”
Source : XL Insurance News Release